Open Finance's potential and the digitisation of tax records
Sud examines how COVID-19 and Gamestop have caused a general reappraisal of where financial power lies and the role Open Finance can play in the new nor…
The Shocking Truth About Wealth Redistribution and Tax Havens
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Description
Explore the Wealth Redistribution Debate: Taxation, Economic Impact, and Capital Flight! Join us as we delve into the arguments for and against redistributing wealth through increased taxes on the wealthy and corporations. Discover the potential consequences of tax breaks and tax havens for the wealthy, and its impact on the middle class. Don’t miss out on this balanced discussion that aims to shed light on the complexities of wealth redistribution in our society. ✨
Tags:
wealth redistribution, taxation, economic impact, Bernie Sanders, tax breaks, tax havens, stepped-up cost basis, capital flight, middle class, tax rates, wealthy individuals, corporations, tax policy, income inequality, economic stability, fiscal responsibility, global financial system, socioeconomic impact, government revenue, public services, wealth accumulation, progressive taxation, fairness, wealth management, financial transparency
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DIGITALIZATION OF TAX ADMINISTRATION: OPPORTUNITIES AND RISKS
Panellists:
Daniil Egorov, Head, Federal Tax Service of Russia
Boris Nuraliev, Founder, Director, 1C
Sergey Sinelnikov-Murylev, Rector of the Russian Foreign Trade Academy
Digital development of tax administration will reduce the cost to business of tax compliance and ensure greater sustainability of public finances at minimal cost. However, the digitalization of tax relations may require not only modernization of administration systems, but also changes in the tax system itself, the design of taxes affected by digitalization, and, as a consequence, business practices across the economy as a whole. Given the critical role of taxes in the system of socio-economic relations, the consequences can be significant and not always easy to predict.
Discussion points:
• Simplification or complication: where is the tax administration system heading?
• Where are the limits of tax automation in today’s environment?
• Tax experts and algorithms: competition or cooperation?
• What digital innovations can taxpayers expect in the medium term?
NEW time saving feature in Pro Tax: Documents send & receive
Watch a walk-through of the new Documents Send & Receive feature in Pro Tax. Watch how you can send/receive documents to/from your QBO clients without having to leave their tax return.